Naboo raises $70M to turn AI event planning into corporate procurement platform

Paris-headquartered Naboo has raised a $70m in Series B as it accelerates its ambition to become the operating layer for how large companies plan, book, and control corporate events. The round is led by Lightspeed Venture Partners, the same investor that backed Mistral AI in 2023, and lands just a year after Naboo closed a €20m Series A.

Naboo positions itself as an AI-powered procurement platform for corporate events, covering everything from venue booking and travel to supplier coordination and budget control.

Founded in 2022, Naboo built its name on simplifying how companies organise and run corporate events,  from booking venues and catering to logistics and attendee management, using an all-in-one platform that brings speed and transparency to a typically fragmented process.

By folding AI into what is traditionally a fragmented, manual process, the company says it has become Europe’s leading purchasing platform for corporate events, a corner of the broader $400bn global events market that has long resisted software consolidation.

The timing matters. Corporate events sit at the intersection of travel, finance, and operations, yet they are often managed outside standard procurement systems.

Naboo’s pitch is that events should be treated like any other strategic spend, measurable, optimised, and governed through a single platform. That logic has resonated with large enterprises, particularly in the UK, which has become Naboo’s biggest market outside France following the opening of its London office in 2025.

With fresh capital in hand, Naboo is now stepping more decisively onto the global stage. The company is opening a new hub in New York as part of a broader US expansion, betting that multinational clients want a single system to manage events across regions, teams, and currencies.

Within just three years, Naboo has grown into one of the more visible players in the category, helped by enterprises looking for better control over decentralised spending.

The bigger shift, however, goes beyond events. Naboo plans to extend its AI procurement platform into “tail spend”, the long tail of smaller, harder-to-track purchases that typically fall outside core procurement tools.

In enterprise finance, this is often labelled Class C spending, and while each transaction is small, the total adds up fast. Naboo’s goal is to give companies a unified, AI-driven view of this spend, starting with events and branching outward.

The targets are ambitious. Naboo says it aims to triple revenue in 2026 and to exceed $1bn in business volume by 2027.

Whether it gets there will depend on how far enterprises are willing to centralise spending that has historically lived in spreadsheets and inboxes. What’s clear is that Naboo is betting that the next wave of enterprise AI won’t just analyse data, it will quietly reshape how money is spent.